Cybersecurity accelerator starts up

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Cybersecurity accelerator starts up

CyRise is looking for startups to join its first six-month program in Melbourne.

CyRise is backed by Deakin University and Dimension Data, with funding from the Victorian Government's LaunchVic program.

Open to startups from Australia, New Zealand and the Asia Pacific region generally, there are five places up for grabs in the program, which starts in September.

Participants will receive $50,000 capital (as part of a capped Simple Agreement for Future Equity note), mentoring, accommodation at the Teamsquare co-working space in Melbourne's CBD, introductions to potential early customers; a structured trip to Israel and the USA to improve their knowledge of the wider cybersecurity landscape and grow their connections, and an opportunity to pitch to potential investors for further funding.

“Victoria is fast becoming known as the best location in APAC for the cybersecurity industry. Where Australia is lacking in this space is in the commercialisation of ideas,” said CyRise CEO Scott Handsaker.

“We want to help connect Australian corporates with innovative local founders who are building world class cybersecurity solutions. Our ability to open corporate doors for our startups will help them grow globally, while allowing corporate Australia a rare inside look at the best cybersecurity solutions this country has to offer.

“Our startups will get access to Deakin University’s field-leading researchers, as well as  Dimension Data’s commercial experience, and take advantage of this one-of-a-kind partnership to successfully take their ideas to a global market.”

Potential applicants can attend roadshows being held in Melbourne, Hobart, Sydney, Brisbane, Canberra, Perth and Adelaide between 27 July and 22 August.

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